Will you help me know how much return can I get from my investment

I am investing Rs. 4000 per month on LIC Jeevan Saral Plan from past 8 years, Rs. 2000 per month on Kotak Select Focus Fund Direct Growth, from past 2.5 years, I would like to know, approximately how much return can I get after looking in to present market scenario, inflation, etc, please try to explain me in details returns from both these plans viz, Jeevan Saral of LIC as I heard somewhat of it is invested in market, by them, and also about, Kotak Select Focus Direct Growth, I am planning to hold and invest these for more 20 years, also planning to increase 1000 every year in Kotak Select Focus Fund Direct Growth, Also would like to know some other good performing funds, in which I can accumulate good units, according to you, for Growth in future, I can invest more 2000 per month, my age is 36 years?

Jun 30, 2017 by Sanjeev Shukla, Mumbai | Mutual Fund

We will not be able to comment much on LIC Jeevan Saral Plan excepting that insurance and investments are two very different things. Insurance is for securing your life so that your family is financially protected and for this you should buy a term insurance plan with minimum life cover of 10-12 times your annual income.

For growing your long term wealth and to meet various financial goals, mutual funds are ideal choice and you have rightly made the start by investing in Kotak Select Focus Fund. As you want to invest further you may select diversified equity funds. Some of the good performing diversified funds are Birla Sun Life Advantage fund, SBI Magnum Multi-Cap Fund, Mirae Asset India Opportunities Fund and DSP BlackRock Opportunities Fund. You can select any one from these funds and invest.

With regards to future value of Rs 1,000 monthly SIP for 20 years, you can get Rs 10 Lakhs against your investment of Rs 2.40 Lakhs basis assumed return of 12%.

Thanks for writing to Advisorkhoj.

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